FEDERATED NATIONAL HOLDING CO 4

4 · FEDERATED NATIONAL HOLDING CO · Filed Dec 9, 2013

Form 4

Period: 2013-12-06

Director

Transactions

Tax Payment
Common Stock, par value $0.01 per share
2013-12-06$13.95/sh−473$6,598→ 63,491 total(indirect: By Trust)
Exercise/Conversion
Stock Options (right to buy)
2013-12-06+500→ 0 total
Exercise: $13.17From: 2008-12-06Exp: 2013-12-06→ Common Stock, par value $0.01 per share (500 underlying)
Exercise/Conversion
Common Stock, par value $0.01 per share
2013-12-06$13.17/sh+500$6,585→ 63,964 total(indirect: By Trust)

Holdings

Common Stock, par value $j0.01 per share
(indirect: By IRA)
59,624
Common Stock, par value $0.01 per share
5,500
Stock Options (right to buy)
Exercise: $12.58From: 2009-01-30Exp: 2014-01-30→ Common Stock, par value $0.01 per share (4,500 underlying)
4,500
Stock Options (right to buy)
Exercise: $4.73From: 2010-01-02Exp: 2019-01-02→ Common Stock, par value $0.01 per share (15,000 underlying)
15,000
Stock Options (right to buy)
Exercise: $4.40From: 2013-04-06Exp: 2022-04-06→ Common Stock, par value $0.01 per share (15,000 underlying)
15,000
Stock Options (right to buy)
Exercise: $2.45From: 2012-08-22Exp: 2021-08-22→ Common Stock, par value $0.01 per share (10,000 underlying)
10,000

Footnotes (5)

[F1]Represents a "net exercise" of vested stock options. There was no open market sale of shares by the reporting person. A total of 473 shares were withheld by Issuer for payment of the exercise price, and the net exercise resulted in 27 shares being issued by the Issuer to the reporting person.
[F2]Closing market price of Federated National Holding Company common stock on the respective transaction date.
[F3]4000 of the total shares are restricted shares subject to vesting under the Issuer's 2012 Stock Incentive Plan.
[F4]Stock options vest 20% per year.
[F5]Stock options vest 33 1/3% per year.

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